The difference between Innocent Spouse and Injured Spouse IRS relief
IRS spouse relief (Innocent Spouse and Injured Spouse) is the process of submitting forms for the reallocation or alleviation of funds so one spouse doesn’t have to pay for the other spouse’s tax debts, interest, and penalties. What is Innocent Spouse and Injured Spouse? These are two terms that describe what and how a spouse will pay […]
Explained: Streamlined Installment Agreements with the IRS
IRS Streamlined Installment Agreement is a faster way to pay for debts to the IRS because you aren’t required to show verification of your assets, expenses, debts, or income. It can also be spread out the cost so it doesn’t have to be paid back all at once. If you owe the IRS $100,000 or […]
Reality Star Steals SBA PPP Funds and Is in A Truckload of Trouble!
Maurice Fayne, one of the stars of VH1’s “Love & Hip Hop: Atlanta†has been arrested and charged with federal bank fraud for misusing funds from the SBA’s Covid-19 Paycheck Protection Program (PPP). Fayne runs a corporation called Flame Trucking and his PPP loan application claimed that he had 107 employees and an average monthly […]